Lumax Auto Technologies Limited has received an Adjudication Order dated July 19, 2024 u/s 73(9) of the Maharashtra Goods & Services Tax Act, 2017 and u/s 20 of the IGST Act from the Office of The Deputy Commissioner of State Tax, PUN-VAT-E-623, Department of Goods and Service Tax, Government of Maharashtra for the period from April 2019 to March 2020. The Company has received an Adjudication Order u/s 73(9) of the Maharashtra Goods & Services Tax Act, 2017 and u/s 20 of the IGST Act wherein a demand of INR 35,219,923 (including Interest and penalty) has been raised by the Deputy Commissioner of State Tax (PUN- VAT-E-623). The demand has been raised on account of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized.